Microsoft Exceeds Earnings Expectations as Cloud and AI Drive Growth
- Microsoft beats Q4 earnings and revenue estimates, stock jumps
- Revenue reaches $56.5B vs expected $54.5B; adjusted EPS at $2.99 vs $2.66 estimate
- Azure cloud revenue up 29% year-over-year
- CEO touts "age of AI" with new Copilot apps and services
- Recently closed $69B acquisition of Activision Blizzard, largest deal in company history